U.S. Bank makes it easy for small businesses to project their cash flow
October 03 2022 - 2:46PM
Business Wire
Today, U.S. Bank announced a new innovative offering to meet
small business owners’ desire for a better line of sight into their
future cash flow. A new online banking tool will enable the bank’s
small business clients to see a 90-day forecast of their cash flow,
with the ability to leverage clients’ external data in addition to
their U.S. Bank accounts. The tool is now available to clients from
their online dashboard.
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A new online banking tool from U.S. Bank
will enable the bank’s small business clients to see a 90-day
forecast of their cash flow, with the ability to leverage clients’
external data in addition to their U.S. Bank accounts. The tool is
now available to clients from their online dashboard.
“Cash flow is a top concern for today’s business owners. Giving
our clients the ability to forecast their cash flow outlook,
including, in the future, the capability to consider various
scenarios, will provide them with vital information to make smart
decisions for today and the future,” said Irv Henderson, U.S.
Bank’s Chief Digital Officer for Small Business. “This is just the
newest example of how we are enhancing our leading banking and
payments solutions by bringing together digital capabilities and
the power of data in tools that are simple to use and provide
valuable and actionable insights for our clients.”
The cash flow tool provides a forecast of account balances up to
90 days ahead, as well as a 90-day historical view, giving clients
important information to help plan for their business. The tool
allows clients to leverage both internal and external data sources
to gain more comprehensive cash flow insights. U.S. Bank will also
continue to invest in the tool and expects to introduce future
functionality that will allow clients to create “what if” scenarios
and view the potential impact on their future cash flow.
This tool is the latest feature to be introduced as part of U.S.
Bank’s Business Essentials, an integrated “all-in-one” suite of
banking and payments solutions that are simple and convenient for
businesses to use to manage and run their operations.
About U.S. Bank
U.S. Bancorp, with approximately 70,000 employees and $591
billion in assets as of June 30, 2022, is the parent company of
U.S. Bank National Association. The Minneapolis-based company
serves millions of customers locally, nationally and globally
through a diversified mix of businesses: Consumer and Business
Banking; Payment Services; Corporate & Commercial Banking; and
Wealth Management and Investment Services. The company has been
recognized for its approach to digital innovation, social
responsibility, and customer service, including being named one of
the 2022 World’s Most Ethical Companies and Fortune’s most admired
superregional bank. Learn more at usbank.com/about.
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version on businesswire.com: https://www.businesswire.com/news/home/20221003005830/en/
Rick Rothacker, U.S. Bank Public Affairs & Communications
richard.rothacker@usbank.com | 704.574.8878
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